China's Geely to bid with investor for Volvo-paper

The parent of China's Geely Automotive <0175.HK> will bid for Ford Motor-owned carmaker Volvo Car Corp with a domestic investment firm, local media reported on Wednesday.

Geely's chief executive Gui Shengyue was quoted at a news conference as saying the company would make the joint bid but did not disclose the name of any local investor, the Shanghai Securities News reported.